Ericsson Q1 Profit Misses Estimates Amid Sluggish Sales and Rising Chip Costs
Ericsson reported first-quarter profits that fell short of analyst expectations, primarily attributed to sluggish sales performance. The telecommunications giant also cited increased chip costs, driven by growing demand for AI, as a factor impacting its financial results.
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Ericsson slightly lags profit expectations as AI demand drives up chip costs - Reuters
Ericsson slightly lags profit expectations as AI demand drives up chip costs Reuters
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